By Chris Becker
Risk markets re-engaged the buy levers again with the release of the latest FOMC minutes providing a catalyst for further advances, Wall Street lifting nearly 2% while other risk assets like the Australian dollar and oil rose in kind with industrial metals mixed. Treasury yields fell back to historic lows again while the USD lost ground against everything but Pound Sterling.
Looking at share markets from yesterday’s session where in mainland China, the Shanghai Composite fell 0.5% to 2882 points, with the Hang Seng Index down in sympathy if not magnitude, falling 0.1% to be at 24361 points, unable to re-engage on its previous breakout. The daily price chart still shows a consolidation pattern with no new breakouts as yet, although momentum remains on the positive side with futures suggesting another go this morning:
